While U Slept: Big 5 Stories Breaking Overnight. Tuesday, February 1, 2011

February 1, 2011

produced by Worldcrunch

CROWDS AMASS IN CAIRO’S CENTRAL SQUARE FOR “MARCH OF MILLIONS” Soldiers stand guard and helicopters hover as demonstrators gather to demand President Hosni Mubarak’s resignation. Egypt’s government posted troops at key locations and cut internet service. (CNN)

STANDARD & POOR’S CUTS EGYPT’S CREDIT RATING, FOLLOWING MOODY’S Unrest leads to lowering of the long-term foreign currency debt rating on Egypt to BB, two levels below investment grade. (Bloomberg)

BP REPORTS $4.9 BLN LOSS FOR 2010, FIRST ANNUAL LOSS SINCE 1992 Costs adjustments come after taking into account $40.9bn set aside for costs relating to the giant oil spill in the Gulf of Mexico. (BBC)

IMF CHIEF PAINTS GRAVE GLOBAL PICTURE High unemployment and rising prices could fuel trade protectionism and even lead to war within nations, says Dominique Strauss-Kahn said in a speech in Singapore. (Reuters)

MUSLIM LEADERS PAY RESPECT AT AUSCHWITZ Religious leaders, former heads of government and Arab world ambassadors honor Jews killed at former Nazi extermination camp. (AP)



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